Tag Archives: NASDAQ

Enlarged Scientific Games reduces group net losses in 2016

Publishing its full-year 2016 results, Nasdaq-listed Scientific Games Corp (SGC) has reported group net losses of $110 million for its Q4 2016 performance (period ending 31 December). The industry games machine manufacturer reports that its losses were incurred despite combined SGC divisions reporting a fifth straight quarter of revenue growth to $752 million (Q4 2015: $737 million). Closing its full-year …

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New look Caesars will seek to create quick cashflows & investor value

Closing its full-year 2016 performance, the governance of Caesars Entertainment Corp (CEC) has posted net operating losses of $2.7 billion, with the gambling operator detailing that it had paid $5.7 billion in accruals for bankrupt division Caesars Entertainment Operating Company (CEOC). CEC would record full-year 2016 corporate revenues of $3.9 billion, driven primarily by its Las Vegas portfolio. The company …

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Scientific Games appoints Karin KJ Tjon as new COO

Updating the market Nasdaq-listed Scientific Games Corporation (SGC) has confirmed the appointment of Karin-Joyce (KJ) Tjon as its new Chief Operating Officer (COO) and President, the appointment will be effective from 13 February. Reporting directly to Group CEO Kevin Sheehan, Tjon will be charged with leading SGC gaming and lottery operations, aiding business development strategies and further maintaining the firm’s …

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Strong commercial pipeline sees Kambi ride out tough 2016 closing

Continuing sector trends, Nordic Nasdaq-listed sports betting platform and software supplier Kambi Group is the latest industry stakeholder to have been impacted by unfavourable sporting results this December. A tough closing to its full-year 2016 performance, saw Kambi record an operating EBIT of €1.8 million down from Q4 2015’s corresponding €3.3 million. The industry supplier detailed that adverse sports results …

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Scientific Games completes $20 million acquisition of DEQ Systems

Issuing a corporate update Nasdaq-listed Scientific Games Corporation (SCG) has confirmed that it has completed its $20 million acquisition of industry progressive systems and table games manufacturer DEQ Systems Corp (deal first announced September 2016). Updating investors, SCG governance stated that DEQ’s current gaming inventory would be integrated within the firm’s existing services portfolio, boosting SCG’s provisions in proprietary table …

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LeoVegas gets excited about Danish prospects

Stockholm Nasdaq-listed LeoVegas Group (LeoVegas) has this week launched its mobile-centric igaming services for the regulated market of Denmark. The European igaming operator had previously secured a Danish online gambling license having met the remote gambling standard of the Danish Gambling Authority. Announcing its first stage launch within the Danish online gambling, LeoVegas governance stated that it was excited to …

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BetonFinance.com aims to make ‘financial markets available to the man on the street’

Danish firm Fitbetco ApS has announced the international launch of subsidiary BetonFinance (BetOnFinance.com), a new betting product allowing consumers to bet on financial markets and win tax-free profits. Developed by a team of with over 30 years’ experience in financial trading and betting,  BetonFinance launches internationally with the corporate aim of “making financial markets available to the man on the …

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Kambi declares strong H1 driven by client growth

Stockholm Nasdaq-listed online sports betting solutions provider Kambi has closed a successful first half to 2016, stating that its corporate performance has been driven by ‘exceptional operator turnover growth’. Presenting its Q2 2016 interim results (unaudited period ending 30 June), Kambi would declare group revenues of €13.7 million (up 28% on Q2 2015: €10.7 million). Its uplift in revenues would …

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Baidu under investigation for promotion of betting websites

The Cyber Administration of China (CAC) regulator of digital services, is reported to be investigated Chinese media giant Baidu regarding the advertising of illegal gambling sites on its search engine listings. Chinese governmental concerns have arisen following numerous cases of illegal online gambling and betting operators being promoted on Baidu listings, breaching national gambling laws. Baidu, China’s largest search engine …

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Scientific Games boosts income & cash-flow despite currency exchange impacts

Nasdaq-listed Scientific Games Corporation has stated that integration initiatives and cost focused synergies implemented in 2015 have helped the company record an income boost of $50 million up 178% on Q1 2015’s $18 million. Updating the market on its Q1 2016 performance (period ending 31 March), Scientific Games reported growth on revenue and earnings ‘metrics, despite being impacted by unfavourable …

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